Jet Airways’ lenders hope bidding process can save airline

NEW DELHI --- Creditors of India's beleaguered Jet Airways say they are "reasonably hopeful" that a bidding process with potential investors for a controlling stake in the airline will save the company.   https://twitter.com/jetairways/status/1118549562380177410 The consortium of 26 lenders to what once was India's largest airline, led by State Bank of India, released the statement Thursday following the cash-starved carrier's decision late Wednesday to suspend flight operations. Shares in the Mumbai-based airline, once the largest private airline in India, were down 26.9% in intraday trading on the Bombay Stock Exchange. READ: Criticism of FAA Mounts as Other Nat...Keep on reading: Jet Airways’ lenders hope bidding process can save airline

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